This daily exercise can improve your trading dramatically


This daily exercise can improve your trading dramatically

Just do one thing daily without fail.

Study stocks that are up 20% for a week and up 100% for a year

Everything you need to make money you will learn from that.

You need to understand nature of stock moves, how they start. how they progress, how they reverse. By doing this daily you will have working model of what works in current market. Then you can start designing the scans to find them.

This study will help you develop "your own understanding " of market moves. Once you have sufficient experience of doing this , you can start discounting lot of conventional wisdom or market speak. Because you can see what the Guru is telling you on Twitter or in book , or in a blog is not in line with what actually happens in market.

How can you do this

Run simple scans in Telechart

Study Bullish 20% c/c5>=1.2 and minv3.1>100000 and c>=5

Study Bearish 20% c/c5<.8 and minv3.1>100000 and c>=5

If you are trading low priced stocks you can eliminate last condition of c>=5

Do this daily and you are guaranteed to be a better trade


Ishan said...

Hi, thanks for this great website which has inspired so many. Have you tried these strategies like Trend Intensity Breakouts, Episodic Pivots Breakout and Dollar Breakout method on Indian stocks (listed on NSE and BSE). Which of these strategies is likely to work in India?

Pradeep Bonde said...

Should work. I do not trade Indian market but there are some members from india